Executives of Biogen Idec Inc said on Wednesday they did not yet have the results of a shareholder vote on a slate of four dissident directors nominated by Carl Icahn.
Biogen Idec Inc on Sunday said two proxy advisory firms recommend shareholders of the biotechnology company vote against billionaire Carl Icahn's slate of candidates for its board.
Billionaire investor Carl Icahn wants the board of Biogen Idec Inc to consider splitting the biotechnology company into one firm focused on neurology and another focused on cancer.
MGM Mirage and Dubai World said on Wednesday they have reached an agreement with lenders on a plan to fully fund their $8.5 billion CityCenter joint venture on the Las Vegas Strip.
Billionaire investor Carl Icahn took exception with Amylin management's statement that he wants to engineer a prompt sale of the biotechnology company to its diabetes drug partner, Eli Lilly and Co , and said he would not consider a sale below $30 per share.
Eli Lilly & Co reported higher-than-expected quarterly profit on Monday as it controlled costs and revalued overseas inventory because of the stronger dollar.
Billionaire investor Carl Icahn wants to engineer a sale of biotechnology company Amylin Pharmaceuticals Inc to its diabetes partner Eli Lilly and Co , according to Amylin.
A plan for the restructuring of MGM Mirage , suggested by investor Carl Icahn, would involve swapping debt for equity and be done in concert with Kirk Kerkorian, MGM's majority shareholder, a source familiar with the situation said on Friday.
The two companies are talking again, with less contention
Activist investor Carl Icahn and private equity fund Oaktree Capital Management have amassed hundreds of millions of dollars of MGM Mirage bonds and have told the troubled casino firm it should quickly overhaul its massive debts in bankruptcy, the Wall Street Journal reported, citing people familiar with the matter.
Billionaire investor Carl Icahn said he has not spoken recently with Lions Gate Entertainment Corp , which on Thursday warned a change in control of the company could cause a debt default for the studio that has become a focus of Icahn's hostile overtures.
Billionaire investor Carl Icahn said he has not recently spoken with Lions Gate Entertainment Corp , which on Thursday warned that a change in control of the company could cause a debt default.
Former Time Warner Inc chairman and chief Executive Richard Parsons will step down from the board by its next annual general meeting, according to a regulatory filing on Monday.
Lions Gate Entertainment Corp has hired an advisory team including investment bank Morgan Stanley and the law firm Wachtell, Lipton, Rosen and Katz to launch a defense against financier Carl Icahn, according to two people with knowledge of the situation.
Activist investor Carl Icahn said he has no plans to push for a sale of Lions Gate Entertainment Inc in the current environment, but criticized the Hollywood studio's expenses for being too high and called its purchase of TV Guide reckless.
Activist investor Carl Icahn said he has no plans to push for a sale of Lions Gate Entertainment Inc in the current environment, but criticized the Hollywood studio's expenses for being too high and called its purchase of TV Guide reckless.
Activist investor Carl Icahn said he has no plans to push for a sale of Lions Gate Entertainment Inc, but criticized the Hollywood studio's expenses for being to high and called its purchase of TV Guide reckless.
Top U.S. movie rental chain Blockbuster has enlisted lawyers to help it raise capital and refinance debt, but stressed on Tuesday it has no plans to file for bankruptcy.
Billionaire activist investor Carl Icahn says he will seek to oust Yahoo chief executive Jerry Yang if he successfully gains control of yahoo's board of directors, according to the Wall Street Journal.
Technology shares gained ground on Thursday after Carl Icahn proposed to change the board of Internet giant Yahoo, saying the firm had completely botched negotiations with Microsoft.
It is clear to me that the board of directors of Yahoo has acted irrationally and lost the faith of shareholders and Microsoft. It is quite obvious that Microsoft's bid of $33 per share is a superior alternative to Yahoo's prospects on a standalone basis. I am perplexed by the board's actions.
Technology stocks advanced on Wednesday but lost earlier gains after a late session sell-off.
